Blackstone Plans UK CMBS Deal Tied to Online Shopping Logistics

Blackstone Inc. is planning a debt sale of up to £500 million ($670 million) linked to UK warehouses, according to people familiar with the matter.

The private equity giant is planning to sell commercial mortgage-backed securities as early as this month, using assets managed by its industrial and logistics property platform Indurent, the people said, asking not to be identified. It’s aiming to tap investors looking for exposure to online shopping growth, they added.